The Saadiq Term Account is based on the concept of Mudaraba where you can earn competitive returns without compromising your beliefs.

Additional Features

Earn Attractive Profits

The Saadiq Term Account works on the concept of Mudaraba. Standard Chartered places your funds in its pool of Shariah-compliant assets, and the profits are shared between you and the bank based on the various tenures available. Profits are announced monthly and credited to your account at maturity.

Saadiq Profit Rates & Weightages

Round-the-Clock Banking Convenience
  • Enjoy the freedom of banking 24 hours a day, 7 days a week, from wherever you are in the world. You can choose from any of the latest automated banking services:
    • Online Banking
    • Phone Banking
    • Breeze Mobile Banking
    • ATMs at more than 100 convenient locations
    • Cash and cheque deposit machines at select branches in the UAE

The Shariah Supervisory Committee

This product is approved by the independent Shariah Supervisory Committee, so you can bank worry-free while complying with Islamic Banking principles.

Learn more about the committee »

Terms and Conditions

    • The Saadiq Term Account is based on the principle of Mudaraba. In line with the rules of Islamic Shariah, the customer bears any losses incurred by the Mudaraba assets, as a ratio of its share.
    • These products are governed by the Standard Chartered Saadiq Terms & Conditions, which are available at branches across the UAE.
    • In the case of early withdrawal, the customer will receive profits for the last completed tenure based on respective rates for each month and the number of days the funds are held. However, this is subject to a minimum investment period of 30 days. For withdrawals within 30 days, no profit will be payable and only the principal will be returned.

Apply Now

Apply Now

Call Us

Call our Phone Banking Team for further information.

600 5222 88

Locate Us

Visit the branch that is nearest to you.

Find a Branch »

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Speaking Up

Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.


Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.